# Amortization Calculator

Inputs

Outputs
Loan amount: \$500000.00
Interest rate: 12.00%
Number of months: 36
Monthly payment: \$16607.15
Total paid: \$597857.58

Month #BalanceInterestPrincipal
1 \$500000.00 \$5000.00 \$11607.15
2 \$488392.85 \$4883.93 \$11723.23
3 \$476669.62 \$4766.70 \$11840.46
4 \$464829.16 \$4648.29 \$11958.86
5 \$452870.30 \$4528.70 \$12078.45
6 \$440791.84 \$4407.92 \$12199.24
7 \$428592.61 \$4285.93 \$12321.23
8 \$416271.38 \$4162.71 \$12444.44
9 \$403826.94 \$4038.27 \$12568.89
10 \$391258.05 \$3912.58 \$12694.57
11 \$378563.48 \$3785.63 \$12821.52
12 \$365741.96 \$3657.42 \$12949.74
13 \$352792.22 \$3527.92 \$13079.23
14 \$339712.99 \$3397.13 \$13210.03
15 \$326502.97 \$3265.03 \$13342.13
16 \$313160.84 \$3131.61 \$13475.55
17 \$299685.29 \$2996.85 \$13610.30
18 \$286074.99 \$2860.75 \$13746.40
19 \$272328.59 \$2723.29 \$13883.87
20 \$258444.72 \$2584.45 \$14022.71
21 \$244422.01 \$2444.22 \$14162.93
22 \$230259.07 \$2302.59 \$14304.56
23 \$215954.51 \$2159.55 \$14447.61
24 \$201506.90 \$2015.07 \$14592.09
25 \$186914.82 \$1869.15 \$14738.01
26 \$172176.81 \$1721.77 \$14885.39
27 \$157291.42 \$1572.91 \$15034.24
28 \$142257.18 \$1422.57 \$15184.58
29 \$127072.60 \$1270.73 \$15336.43
30 \$111736.17 \$1117.36 \$15489.79
31 \$96246.38 \$962.46 \$15644.69
32 \$80601.68 \$806.02 \$15801.14
33 \$64800.55 \$648.01 \$15959.15
34 \$48841.40 \$488.41 \$16118.74
35 \$32722.66 \$327.23 \$16279.93
36 \$16442.73 \$164.43 \$16442.73

Amortization is the paying off of debt with a fixed repayment schedule in regular installments over a period of time